Comment And this is the problem. (Score 5, Insightful) 97
The doubts will last for as long as the depression, during which the wealthy will be buying up bitcoin like mad. Once Bitcoin heads back into the 100k region, everyone will decide it IS digital gold, and push it up higher, at which point the wealthy will sell off, causing a collapse that the "everyone elsers" essentially pay for, and the cycle will continue.
And that is all bitcoin is. It's all the stock market is, too. A tool for pumping money from 401K plans and the gambling poor into the hands of the wealthy.